Ares Commercial Real Estate
ACRE
84 hedge funds and large institutions have $215M invested in Ares Commercial Real Estate in 2014 Q3 according to their latest regulatory filings, with 8 funds opening new positions, 32 increasing their positions, 27 reducing their positions, and 14 closing their positions.
19% more repeat investments, than reductions
Existing positions increased: 32 | Existing positions reduced: 27
2.85% more ownership
Funds ownership: 61.58% → 64.43% (+2.8%)
1% less capital invested
Capital invested by funds: $218M → $215M (-$3.12M)
7% less funds holding
Funds holding: 90 → 84 (-6)
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
43% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 14
100% less call options, than puts
Call options by funds: $0 | Put options by funds: $770K
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AllianceBernstein
Nashville,
Tennessee
|
+$5.33M |
| 2 |
Boston Partners
Boston,
Massachusetts
|
+$5.15M |
| 3 |
DFG
Delphi Financial Group
Wilmington,
Delaware
|
+$4.43M |
| 4 |
Millennium Management
New York
|
+$3.42M |
| 5 |
CHAM
Clear Harbor Asset Management
Stamford,
Connecticut
|
+$2.32M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$4.84M |
| 2 |
EWM
Edge Wealth Management
New York
|
-$3.2M |
| 3 |
Renaissance Technologies
New York
|
-$1.85M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$975K |
| 5 |
MC
Menta Capital
San Francisco,
California
|
-$786K |
ACRE Hedge Fund Activity: Q3 2014 in Review
84 of the 3,455 institutional investors tracked by Wall St. Rank reported a position in Ares Commercial Real Estate (ACRE) for Q3 2014, worth a combined $215M — down 1.4% from $218M a quarter earlier.
Sellers outnumbered buyers: 14 funds closed out of ACRE and 8 opened new positions — a net loss of 6 holders — while 27 trimmed existing stakes and 32 added.
The largest buyer was AllianceBernstein, adding an estimated $5.33M. The largest seller was Neuberger Berman Group, cutting an estimated $4.84M.
- 84 institutional investors held Ares Commercial Real Estate (ACRE) as of Q3 2014, down from 90 in Q2 2014.
- Funds reported $215M of Ares Commercial Real Estate stock for Q3 2014, down 1.4% quarter-over-quarter.
- 8 funds opened new Ares Commercial Real Estate positions in Q3 2014 and 14 closed out, a net change of -6 holders.
- The largest Ares Commercial Real Estate buyer in Q3 2014 was AllianceBernstein, an estimated $5.33M added.
- The largest Ares Commercial Real Estate seller in Q3 2014 was Neuberger Berman Group, an estimated $4.84M sold.
Based on aggregated 13F filings for Q3 2014.